Unilever Plc (UL): Price Now Near $59.29; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for UL

At the moment, UL (Get Ratings)’s price is down $-0.02 (-0.03%) from the hour prior. The hourly chart shows that UL has seen 3 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Consumer Goods stocks, UL ranks 34th in regards to today’s price percentage change.

UL’s Technical Outlook on the Daily Chart

At the time of this writing, UL’s price is down $-0.25 (-0.42%) from the day prior. UL has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Unilever Plc’s price action over the past 90 days can be seen via the chart below.

UL

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UL: Daily RSI Analysis

  • For UL, its RSI is now at 52.2388.
  • UL and RSI may be exhibiting divergent trends. This may be something to monitor.

For UL News Traders

Investors and traders in UL may be particularly interested in the following story that came out in the past day:

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